Saudi Arabia Surgical Equipment Market Size & Outlook
Saudi Arabia surgical equipment market, 2018-2030 (US$M)
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Saudi Arabia surgical equipment market highlights
- The Saudi Arabia surgical equipment market generated a revenue of USD 142.8 million in 2023 and is expected to reach USD 233.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, surgical sutures & staplers was the largest revenue generating product in 2023.
- Electrosurgical Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Surgical equipment market data book summary
| Market revenue in 2023 | USD 142.8 million |
| Market revenue in 2030 | USD 233.2 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Surgical sutures & staplers |
| Fastest growing segment | Electrosurgical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Surgical Sutures & Staplers, Handheld Surgical Devices, Electrosurgical Devices |
| Key market players worldwide | Johnson & Johnson, Zimmer Biomet Holdings Inc, B. Braun, Smith & Nephew PLC, Stryker Corp, Aspen Group Inc, Medtronic PLC, BD |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.8% of the global surgical equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa surgical equipment market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 98.0 million by 2030.
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Surgical Equipment Market Scope
Surgical Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia surgical equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to surgical equipment market will help companies and investors design strategic landscapes.
Surgical sutures & staplers was the largest segment with a revenue share of 45.87% in 2023. Horizon Databook has segmented the Saudi Arabia surgical equipment market based on surgical sutures & staplers, handheld surgical devices, electrosurgical devices covering the revenue growth of each sub-segment from 2018 to 2030.
The surgical equipment market in Saudi Arabia is anticipated to grow significantly due to the increasing geriatric population and the large number of surgical procedures being performed in the country. The aging population can boost the demand for surgical equipment as they predominantly suffer from various health conditions.
According to the article published by the Saudi Gazette in March 2023, the Ministry of Health (MOH) has disclosed that over 290,000 noncritical surgeries were conducted within distinct regions of Saudi Arabia in 2022.
In addition, it further reports that around 49,600 surgeries were performed in the Riyadh region. Thus, the large number of surgeries being performed across various regions in the country is expected to boost the surgical equipment market in Saudi Arabia.
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Our clientele includes a mix of surgical equipment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia surgical equipment market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia surgical equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia surgical equipment market size, by product, 2018-2030 (US$M)
Saudi Arabia Surgical Equipment Market Outlook Share, 2023 & 2030 (US$M)
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